WTI: just some infosHi Guys,
Please add your comments and if you have any questions please do not hesitate to ask.
Thank you for your support and for sharing your ideas.
Disclaimer:
Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
IMHO: The point of trading is to make money. To make money you must have money. Depending on the money at your disposal, you can decide what to do and how to do it. By having stops you decide how much you are willing to lose. By having targets you decide how much you want to earn. Be disciplined with your protocol and with your strategies for trading. Sometime you win, sometime you lose. Don't be greedy. Be realistic. Be wary but not afraid. Be curious. Use your brain. As long as your working process make sense and your spirit is calm, everything will be fine. Be patient and be prepared for any circumtances.
Oil(wti)
oil, cl, day trading for Feb 18th 2020Oil has a big red zone with close targets so a trade taken inside the red zone and see if it can break out of the zone for a bit better profit will be my primary focus today. This market is still in a big consolidation and has failed to keep moving higher so my bigger picture is still to see further weakness.
Commodities Pick Up With Natural Gas Leading The Charge +5.6%Headlines:
- Commodities Pick Up with Natural Gas Posting its Best Start to the Week in Months
- European Stocks Inch Higher During Session on Backs of Chinese Stimulus Talks
- Eni Announces Discovery in the Sureste Basin off the Coast of Mexico
Long-term BUY trade in WTI CRUDE OIL spotted at strong support!Oil is currently at a strong support at the bottom of the channel. Price tried to break but pulled back in showing nice strong support. Let's see if the forex gods will let us ride this price movement back to the top of the channel. Good Luck!
oi, cl, day trading for Feb 14th 2020Today we test the top side of the big range mentioned yesterday, so we are at a very important level, a level that will help show the going forward path. A solid rejections probably takes us down to range bottom, not saying in one day. And now a break above with buying will have a move to 53 and then we see if consolidates or keeps going.
USOIL - tremendous gain is aheadAll minimum downside targets were reached as wave Y of (B) tagged former low and it is longer than wave W. See related chart about drop.
Almost perfect flat has been built in wave (B).
I think the wave (C) could emerge now.
Buy trigger is above the recent top of $52.20
(C)=(A) target is located at $73.50 - huge gain.
Besides that (C) could tag the former top of $76.88 - extra gain.
Risk/reward is around 1:6.
Commodities See Quiet Asian Session with Crude Futures up +0.1%Headlines:
• Woodside Petroleum Maintains its Grasp of its Senegal Oil Field Stake After Arbitration Tribunal
• Asian equities finish the Week Higher with ASX200 Leading Asia Up +1.5% for the Week
• Commodities See Quiet Asian Session with Crude Futures up +0.1% & Gold Flat
cl, oil, day trading for Feb 13th 2020 we are in a big range and will widen the red zone to the outside of this consolidation and until we move out of this range will look for small trends inside the big range, and no clear direction until this clears this zone. That said the down side looks the most likely in the big picture.
cl, oil, day trading for Feb 12th 2020oil is off to a bullish start heading for the top of the big range I have mentioned a few times. The first targets are close to the current action to see if oil can push past where some selling is likely to happen. This is either a look for buyers and in that cause we find them or we do not. If they are found a good sized up move could be coming and top of range of 52 is very possible. and if the buyers do not jump on board then a rejection back into the prior days range is my second trade idea.
oil, cl, day trading for Feb 11th 2020Oil is in the same positions as yesterday so will link that post, however oil staying below 51 I say keeps us only trading the bottom part of the range. And a move above 51 takes us tot eh top of the range close to 51.50. I will not get to bullish on oil anytime soon.
cl, oil, day trading for Feb 10th 2020today the early session is setting up my boundaries very well, I do however have a light red zone for short at 49.8, and this could take s right past red low to the prior range bottom. In the event we break that low I then will look for targets, until then i have no values lower.
Oil is and has been trading in a larger range from 49.5 to 51.90 and until this is cleared i expect we stay put and if this info remains correct then I think early on today will set up a in range long side trade.
USOIL | Breakout of the ChannelPlease support this idea with LIKE if you find it useful.
Initiate Short.
Entry - 49.56
TP1 - 44.95
TP2 - 41.24
TP3 - 36.18
TP4 - 29.43
SL - 51.02
Reason: Price has broken Channel's support level.
Thank you for reading this idea! Hope it's been useful to you and some of us will turn it into profitable.
Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts.
The information given is not a Financial Advise.
CRUDE OIL (WTI): Long Trade For US Session
hey traders,
this is the long trade that we took with my mentee this evening on oil.
it is kind of a scalp trade based on minor structure + dodji formation.
though, I am posting while the market has already bounce,
I believe for many of you it will be useful for educational purposes.
no matter what will be the result, the position will be closed strictly before the market close.
(stop 44.97 based on fibs)
have a great Friday!
es, spy, day trading for Feb 7th 2020so a bit of a slide over night but balanced in a declining flag so watch the red top for the break to the up side. action that is not impulsive to eh down side could be hared to trade if it remains inside the flagging set up. the red zone range is big enough to just trade the action inside if that is all it wants to give to us today.
cl, oil, day trading for Feb 7th 2020 as of typing oil is testing support of the red zone bottom and this would be the break of yesterdays range bottom, non rth session has traded inside the range of yesterday so a decent move could happen on break.
I will watch the reaction on this break and probably short a retrace if the move is outside the red bottom.
oil, cl, day trading for Feb 5th 2020from last session close oil has been moving up to the top of yesterdays early session and is finding a happy place there. If not break above red top then will not even think long, and last nights low is the area I will look to see if oil is finding buyers. So that said will be looking to trade this range from 49.25 to 51.50 and looking for impulsive trends inside the range until we clear this zone.
This will makes you happy :)Here you are an easy and simple view of USDCAD. I am expecting the OIL price to go up, so we all know OIL up = UC down righ? Do you need more confirmation of cuorse, so look at chart. Weekly resistance, marked in black, divergence, marked in red, trendline, marked in black (you could wait for a break of that) and the target is green. Easy right? So,
i hopes that you will be happy with this freemoney :)
Greatings,
S :)
CoronavirusHi friends, today I want to analyze one news that excited and scared people - this is news about the coronavirus that appeared in China.
If you like my analyzes, click like.
In the first place of this week is the news about the coronavirus epidemic in China, which took the whole world by surprise.
There is no such person who spoke about this news. But all this news did no good, except to create panic among the people.
Therefore, after studying the mechanism and selecting all the news, I give only the necessary and important conclusions.
I must say I'm not a doctor, and I have nothing to do with medicine. In this regard, I will focus on other economic and political consequences of this epidemic.
Because the economic and political consequences may be higher than the medical consequences of this epidemic.
First, I want to give you some brief information.
A coronavirus epidemic has emerged from the 13 million-strong city of Wuhan in China. According to scientists, the main reason for this epidemic is the Chinese habit of eating all moving animals. The Chinese boast: "we eat all quadrupeds except the table, all flying except the plane, all floating except the boat."
In my opinion, this custom will not lead to anything good. It was revealed that specific people were infected with the coronavirus epidemic from bats.
At the moment, most countries do not have testing devices for accurate diagnosis, let alone an anti-epidemic drug. Such devices have been researched and produced only in China and the United States. In most countries, such devices have not yet been delivered. Chinese scientists study the genetic structure of this virus and distribute their research results to all countries.
According to experts in the field of medicine, it takes 6-8 months to find antiepidemic agents. Then it needs to be tested for 6-8 months. Only after this will there be a drug available for production, until then there are no drugs that treat the disease.
It turns out that in order to find a cure, we need at least 1.5 years. Now let's see how dangerous this is for us. As mentioned above, there is no cure for this epidemic yet. And the next 1-2 years will not be either.
Despite the fact that there are no drugs for this epidemic, the statistical danger of this epidemic is very low. Today, in the 13 million city of Wuhan, there are only 8 thousand infected people. As for the whole world, the number of cases of this infection is 9776 people, of which 213 people died. For comparison with the usual flu in the world, at least 5-10% of the total population get sick every year, and about 300-400 thousand people die. This epidemic is transmitted from person to person by airborne droplets. This makes this disease dangerous in densely populated countries. In countries where the population density is small, the risk of infection becomes lower. I told you about the medical and statistical dangers of the coronavirus epidemic.
Now let's go over the economic and political dangers of this epidemic.
The economic and political danger of this epidemic will be much higher than the medical danger. If you pay attention to economic news, you will get the impression that it is war news . The Chinese securities market continues to fall.
The gross domestic product of the Chinese economy will fall by at least 1-1. 5% and if the Chinese economy weakens, it will have a very strong impact on the world economy.
The very first can have a negative impact on the price of oil and metals.
Since mid-January, when the coronavirus epidemic began, the global securities market and commodity exchanges have continued to fall
The price of oil fell by 20%
Copper fell 15%
If we take the last 100 years of historical statistics, the economic crisis occurs every 7-9 years. And more than 10 years have passed since the last crisis of 2008.
Therefore, it seems that the world is facing another crisis. If the price falls below $ 40, the state of the budget of countries that depend on the price of oil will deteriorate sharply.
And if we take into account that part of the budget of these countries is spent on social spending, then there are great doubts that the government will find the means to fulfill its social obligations.
Where do governments find funds?
Of course from our pocket
We will have to stop many social payments and devalue national currencies. This will further reduce the social situation of the population. And it can cause discontent of the people, which is already on the verge. And in this way, many countries can go to a political crisis. And God knows what will happen at the end of it all. Of course, all this may not be.
Some even believe that too much attention paid by the media is both an ideological and information war of the United States against China. Although, personally, I even if I do not believe in it, but I believe that in the modern world everything can be. Continuing to talk about the coronavirus epidemic, I would like to draw attention to two or three other small things from which we should take an example .
The first is the effectiveness and discipline of the Chinese government. See how many measures they took specifically and without unnecessary panic in the shortest possible time. They showed themselves as a state system that knows what to do.
The second is the openness of the Chinese government this time. Since the beginning of the epidemic, the Chinese government has convened the World Health Organization . Without hiding any information. Hold press conferences on time.
Third , we can see how developed the Chinese economy is, and we can find out by looking at a 1,000-bed hospital built in 48 Hours. Amazing.
And the last thing I noticed was the cohesion and decency of the Chinese people. If you look at the 13 million city of Wuhan. Where the government has imposed a quarantine, people continue their lives without going out and committing any hooliganism.
Looking at these examples, we can learn a lot of good things from them, if we don't take the bad ones.
As you have noticed, everything is interconnected in the world. If one country sneezes in one place, the whole world will become infected. These words are said not only in a medical sense, but we live in a world where Economics and politics are closely linked and have a great influence on each other.
Many people asked me my opinion about the coronavirus. That's my opinion
If you like my analysis, please like it.
Best regards EXCAVO